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Author Topic: Small Pyramining Passthrough [FULFILLED]  (Read 912 times)
bravetheheat
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June 13, 2012, 09:59:47 AM
 #1

OFFER FULFILLED BY BURTW, CLOSED FOR NOW.

I know that the amount is perhaps too small, but is any reputable or friendly and active member willing to lend me 1 BTC for every period of 5 days or so? For an illustration of how this would work, you would give me 1 BTC today, and I will give you 1*(1+(agreed interest rate)), or around 1.09 BTC in five days, upon which you would give me another 1 BTC or so. You would, of course, have the option of either having me just send the interest to you, and continue on using that 1 BTC, or have me directly send it to you, and you would then decide whether or not you would want to send it (minus the interest) back to me.

I want to do a sort of pass-through to pyramining, except on a (ridiculously) small scale that my account there can actually keep up with. Due to the slight volatility of the payments, and the relatively small size of my account, I can currently accept only 1 or 2 BTC loans. Of course, if pyramining fails or doesn't keep up, though the former is unlikely since I have already compensated for it using the relatively lengthy 5 day term, I have a 5770 mining 24/7 earning approx. 0.12 BTC per day that would give you a guarantee of my repayment (though not by the due date).

It's just a small experiment to give others the high interest of pyramining as well as allow me to increase the size of my account there. If anybody would like to continuously do this, and be sort of a partner with me, I am willing to give you full interest minus trans. and pyramining fees. Quite a bit more than your current offered interest, I would say. Perhaps even better than BTCS&T passthroughs.  Smiley

Anyway, if anybody's interested and are willing to spend the time, PM me or reply here.  Cheesy
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BurtW
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June 14, 2012, 06:23:33 AM
 #2

Let me get this straight.  If lend you some BTC you will pay me 9% every 5 days?  That sounds great! 

My Pirate account only pays a paltry 7% every 7 days.  Give me a deposit address and I will get you the coins.  How many coins did you say you wanted?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
bravetheheat
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June 14, 2012, 08:35:39 AM
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Let me get this straight.  If lend you some BTC you will pay me 9% every 5 days?  That sounds great!  

My Pirate account only pays a paltry 7% every 7 days.  Give me a deposit address and I will get you the coins.  How many coins did you say you wanted?

Yup, I will give you basically a 9% interest rate. BUT (!!) the amount is tiny for now - 1 BTC per 5 day interval, or whenever I get sufficient funds back from Pyramining. Of course, if this continues for a while, the amount will be able to be increased to a larger amount, but please note that it is up to my discretion when to cancel this deal.

So basically here's the deal (for now):

Two options:

1. Send Back
You send 1 BTC to me, and I will return 1.09 BTC to your receiving address in 5 days, or on the 19th. You will then have the choice of either sending 1 BTC back to me, or contact me to cancel the agreement, upon which I will try to find another candidate and you will not be obliged to send me the 1 BTC.

2. Direct Interest
You send 1 BTC to me, and I will return 0.09 BTC to your receiving address in 5 days, or on the 19th. The remaining 1 BTC will be reused, and on the end of the next 5 day period, I will give you another 0.09 BTC. And so forth until either of us decide the cancel the deal. Should you ever wish to cash out, I will return to you 1.09 (1+0.09 interest) BTC at the end of that final 5 day period.

If you want a fully compounded plan (where I don't return any funds and instead continuously reuse them until you want a withdrawal), that's very difficult for me as I can't provide for withdrawals above 1~2 BTC within the 5 day period (for now). So that's off the board for now.

If you have any other questions, feel free to ask.  Grin

This IS just an experiment, and I reserve the discretion the cancel the deal at any time (as do you, to an extent) or contact you about proposed changes. Thanks  Smiley

If you want to start, send 1 BTC to 181rTp3FELRie1hRWjDithW2tZTPAiv8iz
PM or post your receiving address here, and 1.09 BTC will be sent to it on the 19th.

Happy Bitcoining.  Cheesy

Note: All above dates are based on GMT+8.
BurtW
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June 14, 2012, 01:38:36 PM
 #4

Deal!  1 BTC sent.   You just keep the 1 BTC on account for as long as you want.  You can send it back whenever you no longer need it.

I only wish you could do this for 10,000 BTC and pay me 900 BTC every 5 days!  At any rate just send the interest to my public account:

http://blockchain.info/address/1BurtW  That is (1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ)

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
bravetheheat
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June 14, 2012, 01:53:19 PM
 #5

Deal!  1 BTC sent.   You just keep the 1 BTC on account for as long as you want.  You can send it back whenever you no longer need it.

I only wish you could do this for 10,000 BTC and pay me 900 BTC every 5 days!  At any rate just send the interest to my public account:

http://blockchain.info/address/1BurtW  That is (1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ)

Haha, thanks  Smiley

0.09 BTC to be sent to your address on the 19th.  Wink
Kluge
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June 14, 2012, 02:02:58 PM
 #6

2BTC sent. http://blockchain.info/tx-index/9088047/60dd221c7ac7e74c21f612071efa78417c94b1045febf487d7b8c0f298138e23 Please pay interest only (.18BTC) to 1N4PiTb8uR1puwJec7Z4cVBZv1MyNH8v6V per 5D. Cheers!

ETA: Also signed up using referral link.
ETA2: bravetheheart did indeed return the coins back. Cheers!

Don't mix your coins someone said isn't legal
bravetheheat
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June 14, 2012, 02:15:33 PM
 #7

2BTC sent. http://blockchain.info/tx-index/9088047/60dd221c7ac7e74c21f612071efa78417c94b1045febf487d7b8c0f298138e23 Please pay interest only (.18BTC) to 1N4PiTb8uR1puwJec7Z4cVBZv1MyNH8v6V per 5D. Cheers!

ETA: Also signed up using referral link.

Umm.. I'm not too sure I can facilitate two members. The program was meant more to be of a one member thing, really.  Sorry for any confusion. Embarrassed

I'll contact you if I need any more deposits, but I'll send back the 2 BTC you sent to me for now.
https://blockchain.info/tx-index/9090912/b5ef59469f126844a1ad551c2b2f618fd43d014857b9244bc07ae7d075e195d2

Again, sorry for any inconvenience that this caused!  Sad
BurtW
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June 14, 2012, 02:20:13 PM
 #8

Kluge,  na na na na na - I got into the best interest rate program in the entire BTC community and you didn't na na na na na.  Wink

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
bravetheheat
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June 14, 2012, 02:28:00 PM
 #9

To Kluge: The main reason why I can't have more than two members, or your deposit, is because my pyramining account can't necessarily sustain that amount =/ (It can sustain the interest, but I'm worried about the problems that may be caused since I may not be able to get 3 BTC from Pyramining within 5 days (sometimes I get more, sometimes I get less). It's just an experiment for now, and I will see how it goes with Burt. After a week or two, I can probably accept one or two more deposits (with restriction of longer notice before forced withdrawal) - I will contact you then if you're still interested  Smiley
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